Oakland Retail/Flex Corner
For Sale
$385,000
2501 14th Avenue, Oakland, CA 94606
Tenant-occupied retail/flex property with income and future upside.
Property Size2,065 SF
Lot Size0.05 Acres
Price / SF$186.44
Days on Market169
Property Features for 2501 14th Avenue
General Information
Standard status
Active
Size
2,065 SF
Lot size
0.05 Acres
Property subtype
Commercial
Amenities
Freeway Nearby
Hotel/Motel Nearby
Neighborhood
Restaurant Nearby
Building Details
Year Built
1930
Listing Agency:
SVN/PACIFIC COMMERCIAL ADVISORS
(415) 922-2900
Listed By:
JUSTIN T WONG · License #01974254
Source:
Corcoran
Added: Feb 20
Changed: Aug 8
Last Checked: Aug 8 at 5:56AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SVN/PACIFIC COMMERCIAL ADVISORS
Investment Insights
Based on property information with market context.
This is a 2,065 square foot corner retail/flex property located along Oakland's 14th Avenue corridor. The asset is currently tenant-occupied with lease income in place through November 2027, providing stable cash flow. The building features high ceilings and a flexible layout adaptable for retail, showroom, studio, or creative use. A distinctive honeycomb LED ceiling installation is present. With corner visibility and convenient access to both I-580 and I-880, the property benefits from traffic exposure and connectivity. Upon lease expiration, the asset presents reposition, owner-user, or market rent reset potential, offering investors current income and long-term upside. It is located in East Oakland.
Key Highlights
- In‑place lease income through November 2027 provides stable cash flow.
- High‑visibility corner location with convenient access to I‑580 and I‑880.
- Flexible layout suitable for retail, showroom, studio, or creative use.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$30,665
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.96%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$613,300
$613.3K
Cap Rate 7%
$438,071
$438.1K
Cap Rate 9%
$340,722
$340.7K
Market Conditions
NOI Build-Up for 2,065 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$54.5K $26.40/SF
− Vacancy
−$5.5K −$2.64/SF
EGI
$49.1K $23.76/SF
− OpEx
−$18.4K −$8.91/SF
NOI
$30.7K $14.85/SF
Area
ZIP 94606
Vacancy
10.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$613,300
Cap Rate 7%
$438,071
Cap Rate 9%
$340,722
Alternative Uses
Best Use
Office B
$513.7K
$449.5K – $599.4K
NOI $35,962 @ 7.0% cap · market cap 9.34%
Second Best
Mixed Use
$438.1K
$383.3K – $511.1K
NOI $30,665 @ 7.0% cap · market cap 7.96%
Theoretical Best
Office A
$940.7K
$823.1K – $1.10M
NOI $65,847 @ 7.0% cap · market cap 17.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,617
Businesses Nearby
Explore this area
Business Placement
Demographics for 94606, CA
40,768
Population
17,457
Households
2.3
Avg Household Size
37
Median Age
40%
College-Educated
80%
High-School Grad
2.3 sq mi
ZIP Area
17,725
Density / Sq Mi
$70,769
Median Household Income
$47,558
Median Earnings
$1,775
Median Rent
$747,600
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Tenant-occupied retail/flex property with income and future upside.
Where is this mixed-use property located?
The property is located at 2501 14th Avenue Oakland, CA.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: In‑place lease income through November 2027 provides stable cash flow.; High‑visibility corner location with convenient access to I‑580 and I‑880.; Flexible layout suitable for retail, showroom, studio, or creative use.
